Bayer Taking Russia Antitrust Authorities to Court Over Monsanto
14 February 2018 - 3:53AM
Dow Jones News
By Olaf Ridder
Bayer AG (BAYN.XE) is taking Russian antitrust authorities to
court in relation to its planned takeover of U.S. agrochemical
company Monsanto Co. (MON), the German company said Tuesday.
The case is connected to antitrust approval from Russia for the
deal, which Bayer still hasn't received. The company declined to
elaborate further.
Bayer called the move a "procedural step" aimed at protecting
its legal rights while it continues in discussions with the
authorities.
Bayer is also still awaiting approval from European competition
authorities for the Monsanto deal. A decision from Brussels is due
in April.
Write to Olaf Ridder at olaf.ridder@dowjones.com
(END) Dow Jones Newswires
February 13, 2018 11:38 ET (16:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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